This question is not only for steve....
I am using RT3 , with the usual routing to ISLD, selectnet, SOES ,etc... choices.
On these fast moving , high flying stocks...I find it difficult to get in and get out. Hard to find an ISLD seller on the way up (unless you are willing to pay a 1/4's and 1/2's (points sometimes) above ask. When there are lots of ISLD sellers, then you can predict the trend will be down. The same is true when you want to sell. You can hit ISLD below bid (again this could be far from inside price). You can offer on ISLD, but with few buyers, all you are doing is entering, cancelling, entering ,cancelling and riding the price down.
Using selectnet seems to add delays in getting fills, leading to cancelling orders, re-entering orders leading to worse sell prices (or higher buy prices).
Any recommendations as the best way to get in or out of these stocks (for example today it was JBOH, BAMM, PTVL)
Thanks
Pierre |
